JPMorgan Chase & Co. lowered its stake in Yamana Gold Inc. (NYSE:AUY) by 37.8% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 2,758,502 shares of the company’s stock after selling 1,677,423 shares during the period. JPMorgan Chase & Co. owned about 0.29% of Yamana Gold worth $14,344,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of AUY. AGF Investments Inc. boosted its position in Yamana Gold by 121.2% in the second quarter. AGF Investments Inc. now owns 25,949 shares of the company’s stock valued at $135,000 after buying an additional 14,216 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in Yamana Gold by 1.2% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 27,251 shares of the company’s stock valued at $142,000 after buying an additional 316 shares during the period. GWM Advisors LLC purchased a new position in Yamana Gold during the second quarter valued at approximately $182,000. Delta Lloyd NV purchased a new position in Yamana Gold during the second quarter valued at approximately $213,000. Finally, DekaBank Deutsche Girozentrale boosted its position in Yamana Gold by 97.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 49,210 shares of the company’s stock valued at $258,000 after buying an additional 24,268 shares during the period. Institutional investors own 49.59% of the company’s stock.
Yamana Gold Inc. (NYSE:AUY) traded down 2.71% during mid-day trading on Friday, reaching $4.31. 16,592,296 shares of the company traded hands. The stock’s market capitalization is $4.08 billion. Yamana Gold Inc. has a 52-week low of $1.38 and a 52-week high of $5.99. The firm’s 50-day moving average is $4.68 and its 200 day moving average is $4.67.
Yamana Gold (NYSE:AUY) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.01. Yamana Gold had a negative net margin of 104.16% and a positive return on equity of 0.12%. The firm earned $466.50 million during the quarter, compared to analyst estimates of $466.44 million. During the same period last year, the business earned ($0.01) EPS. The firm’s revenue was up 2.5% compared to the same quarter last year. On average, equities research analysts expect that Yamana Gold Inc. will post $0.14 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be given a $0.005 dividend. This represents a $0.02 annualized dividend and a yield of 0.46%. The ex-dividend date is Wednesday, September 28th. Yamana Gold’s dividend payout ratio (DPR) is -1.01%.
Several research analysts have commented on AUY shares. HSBC upgraded shares of Yamana Gold from a “hold” rating to a “buy” rating and set a $7.20 price target for the company in a report on Monday, July 25th. TD Securities reiterated a “buy” rating and set a $7.50 price target (up previously from $7.00) on shares of Yamana Gold in a report on Wednesday, August 3rd. Vetr downgraded shares of Yamana Gold from a “strong-buy” rating to a “buy” rating and set a $5.36 price objective for the company. in a research report on Monday, June 6th. Barclays PLC boosted their price objective on shares of Yamana Gold from $4.00 to $6.00 and gave the stock an “equal weight” rating in a research report on Monday, August 8th. Finally, Zacks Investment Research downgraded shares of Yamana Gold from a “buy” rating to a “hold” rating in a research report on Tuesday, August 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. Yamana Gold presently has a consensus rating of “Hold” and a consensus target price of $4.75.
Yamana Gold Company Profile
Yamana Gold Inc (Yamana) is a gold producer with significant gold production, gold development stage properties, exploration properties, and land positions throughout the Americas, including Brazil, Argentina, Chile, Mexico and Canada. The Company’s segments include Chapada mine in Brazil, El Penon mine in Chile, Canadian Malartic mine in Canada (50% interest), Gualcamayo mine in Argentina, Mercedes mine in Mexico, Brio Gold Inc, and Corporate and other.
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